Green Dot Corporation · 5 days ago
Remote - Chief Compliance Officer
United States
Full-time
Remote
Director/Executive
$214K/yr - $322K/yr
10+ years expGreen Dot Corporation is a company focused on smart money management and payment solutions. They are seeking a Chief Compliance Officer to lead the development and implementation of a comprehensive Compliance Management System tailored to the risks of their digital banking platform.
FinanceFinancial Services
No H1B
Responsibilities
Evolve, implement and maintain the Bank's CMS, ensuring alignment with regulatory guidance, Board-approved risk appetite and policies. Influence executive decisions through clear standard setting and risk assessments
Lead efforts to identify, assess, mitigate and prevent UD(A)AP and consumer harm risks across digital products and services, implementing policies, processes, technology to monitor and ensure fair outcomes
Maintain comprehensive laws and regulations Monitor changes in laws and regulations affecting the Bank and communicate the impact of such changes to management, partners and the Board, recommending appropriate policy or procedural updates, recommending appropriate policy or procedural updates status of the Bank’s compliance posture
Oversee policies and procedures to ensure compliance with consumer protection, privacy, and other banking regulations with focus on money movement, among other areas
Direct compliance testing and monitoring, including transaction monitoring, to identify control gaps and track remediation through completion and assessment of control effectiveness and completeness of key controls inventory
Oversee end-to-end lifecycle for compliance issues, from discovery to monitoring to remediation, and ensure clear, governed and documented management of changes
Develop controls to manage third-party providers, ensuring they comply with regulations, including prevention of UDAAP and consumer harm, and timely management and reduction of consumer complaints. Ensure clear bank level ownership of compliance obligations in partner programs; implement robust SLAs, testing and reporting; and establish BaaS Program Governance
Develop, maintain and report metrics that measure compliance risk, Risk Appetite conformance, CMS element performance, and provide insight on significant findings, corrective actions, and emerging risks and hold stakeholders accountable. Provide regular updates to management, the Board and banking regulators
Embed compliance in product, technology, marketing, operations, servicing and vendor onboarding before first customer
Promote a strong compliance culture, setting clear standards the business and partners must meet, and strengthening the Compliance organization and CMS to identify emerging issues and influence change across the firm and within partners. Lead the development of training programs on consumer protection, and money movement services
Qualification
Required
10+ years of progressive compliance leadership in U.S. banking, focusing on consumer finance and digital banking/FinTech
Expert knowledge of key banking regulations, including UDAAP, BSA/AML/OFAC, privacy laws, and complaint management
Proven success in building, enhancing and managing bank compliance programs, developing metrics and reporting to measure and assess compliance and remediate issues, and interacting with banking regulators
Excellent people leader and at team building and working across with stakeholders across the organization
Strong governance and Board reporting skills
Bachelor's degree required; relevant certifications or advanced degrees are a plus
Experience collaborating with BSA/AML/OFAC, Fraud and Risk functions and providing advisory to the business
Excellent communication, stakeholder management, analytical, and problem-solving abilities
Company
Green Dot Corporation
About Green Dot Green Dot Corporation (NYSE: GDOT) is a financial technology platform and registered bank holding company that builds banking and payment solutions to create value, retain and reward customers, and accelerate growth for businesses of all sizes.
1001-5000 employees
Funding
Current Stage
Public CompanyTotal Funding
$98MKey Investors
Sequoia Capital
2024-09-06Post Ipo Debt· $65M
2010-07-22IPO
2009-11-01Private Equity
Leadership Team
Dave Harden
Chief Technology Officer
Chris Ruppel
President
Recent News
Company data provided by crunchbase